The Big Picture

DECEMBER 6, 2023

 Investing Skill vs. Luck with Michael J. Mauboussin, Counterpoint Global (Dec 6, 2023) Is it better to be lucky or good? How much of a role does luck pay in investing? And how can you tell the difference between chance and skill? In this episode of At the Money, I speak with Michael Mauboussin. ~~~ About Michael J. Mauboussin: Michael Mauboussin is head of Consilient Research at Counterpoint Global, Morgan Stanley Investment Management.

Investing 265

Investing Investments Management 265

Nerd's Eye View

DECEMBER 6, 2023

Over the past several years, the financial services industry has undergone a tremendous evolution in how financial advisers deliver and charge for their services. While commission-based models remain in use, fee-for-service models (including AUM, hourly, retainer, and subscription) have become increasingly popular. And because many service offerings have traditionally focused on areas like investments and securities recommendations, there has been little debate about the need to register as an a

Investing 238

Investing Investments Financial Advising Retirement Planning 238

Abnormal Returns

DECEMBER 6, 2023

Strategy Why investors may regret earning 5% on cash. (allstarcharts.com) The more room you can put between yourself and your investments, the better. (yield-to-maturity.beehiiv.com) Why investors are attracted to low probability games. (behaviouralinvestment.com) Technology Google ($GOOGL) has finally unveiled Gemini, its new AI model. (venturebeat.com) Eight charts that explain 2023 including the rise of the chatbot.

Financial Advising 236

Financial Advising Media Banking Management 236

The Big Picture

DECEMBER 6, 2023

The Charlie Munger Manifesto / PDF The post The Charlie Munger Manifesto (via Vishal) appeared first on The Big Picture.

Investing 286

Investing Investments 286

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Accounting

Abnormal Returns

DECEMBER 6, 2023

Podcasts Morgan Housel and Doug Boneparth discuss Charlie Munger's legacy. (open.spotify.com) Christine Benz and Jeff Ptak talk all things retirement with Dan Haylett. (morningstar.com) Retirement The case for (and against) taking Social Security early. (humbledollar.com) Why some people choose to come out of retirement. (humbledollar.com) How many more years do you have to live (on average)?

Retirement 233

Retirement Portfolio Clients Investing 233

Wealth Management

DECEMBER 6, 2023

SoFi Securities, SogoTrade, M1 Finance and Open to the Public Investing will pay more than $1 million in restitution after clients were promised fees from lending securities they allegedly never received.

Clients 143

Clients Investing Investments 143

Calculated Risk

DECEMBER 6, 2023

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 1, 2023. Last week’s results include an adjustment for the observance of the Thanksgiving holiday.

Financial Market 119

Financial Market Marketing Marketing 119

Wealth Management

DECEMBER 6, 2023

The independent wealth management space is becoming less a friendly club and more a pitiless jungle, with big firms squeezing smaller competitors, poaching talent and where organic growth, not M&A, will drive firm value.

Wealth Management 122

Wealth Management Management 122

Advisor Perspectives

DECEMBER 6, 2023

If Mike Tyson were speaking to a group of investors, what he may have been saying is that everyone has a financial plan until life throws a “punch.

Financial Planning 119

Financial Planning Planning 119

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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

Banking

Wealth Management

DECEMBER 6, 2023

New research from Edelman Financial Engines found 67% of Americans need more than $1 million to feel wealthy, while more than half say social media has negatively impacted saving.

Engineering 114

Engineering Media 114

Calculated Risk

DECEMBER 6, 2023

Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in November with Comparison to 2019 A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to November 2019 for each local market (some 2019 data is not available). This is the first look at several early reporting local markets in November.

Marketing 107

Marketing Marketing Sales 107

Wealth Management

DECEMBER 6, 2023

The lawsuit between the Haslam family and Warren Buffett's Berskshire Hathaway hinges on obscure accounting rules the family claims could cost them more than $1 billion.

Accounting 108

Accounting 108

Advisor Perspectives

DECEMBER 6, 2023

Here's an interesting set of charts that will especially resonate with those of us who follow economic and market cycles. Imagine that five years ago you invested $10,000 in the S&P 500. How much would it be worth today, with dividends reinvested but adjusted for inflation? The purchasing power of your investment has increased to $14,794 for an annualized real return of 7.86%.

Economics 105

Economics Investing Investments Marketing 105

Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor

During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.

Financial Advice

Wealth Management

DECEMBER 6, 2023

Celso Munoz, portfolio manager at Fidelity Investments, shares a comprehensive approach to enhancing risk-adjusted returns in the dynamic world of fixed income investments.

Investing 107

Investing Investments Portfolio Management Portfolio 107

Advisor Perspectives

DECEMBER 6, 2023

The federal deficit is already high at 6% of GDP. But if a recession hits – as Jeffrey Gundlach fears will happen next year – unemployment will rise, and the deficit and the interest the government pays on it will cripple the economy.

Government 105

Government Economy 105

Wealth Management

DECEMBER 6, 2023

Dr. Sylvia Rose and Dr. Curtis Kidd Telemaque provide thoughtful insights on how RIA can best partner with HBCUs and engage with a diverse talent pool.

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Meb Faber Research

DECEMBER 6, 2023

Episode #511: Louis-Vincent Gave & Harris “Kuppy” Kupperman: De-Dollarization, De-Sinafication & The Commodity Bull Market Guest: Louis-Vincent Gave co-founded Gavekal in 1999 with his father Charles and Anatole Kaletsky. Gavekal started as an independent research firm and evolved in 2005 to include fund management and in 2008 to include data analysis services.

Marketing 93

Marketing Marketing Management Investing 93

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Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. In this article, Biz2X breaks down all things digital platforms, including the many advantages of embracing them.

Banking

Wealth Management

DECEMBER 6, 2023

The heightened concerns about fiscal profligacy and rapid degloblization that rocked Treasury securities now seem like a hallucination.

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Advisor Perspectives

DECEMBER 6, 2023

How do you get financial information to make sense to people who aren’t numbers-minded? How do you become the advisor who helps complicated things make sense without making people feel stupid or overwhelmed?

Numbers 85

Numbers 85

Wealth Management

DECEMBER 6, 2023

The former Sanctuary Wealth CEO opens up about the mistakes he made at the helm of the firm, which RIA founders can learn from.

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A Wealth of Common Sense

DECEMBER 6, 2023

Today’s Animal Spirits is brought to you by Nuveen and Kaplan Schweser: See here for more information on investing with Nuveen See here for more information on Level 1-3 CFA prep courses On today’s show, we discuss: Full transcript from CNBCs “Charlie Munger: A Life of Wit and Wisdom” Should we believe Americans when they say the economy is bad?

Economy 75

Economy Investing Investments 75

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All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!

Accounting

Wealth Management

DECEMBER 6, 2023

Open, honest and candid discussion about retirement income, PEPs, investing options, job dissatisfaction and the word of the year.

Retirement 110

Retirement Investing Investments 110

Calculated Risk

DECEMBER 6, 2023

The Census Bureau and the Bureau of Economic Analysis reported : The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $64.3 billion in October , up $3.1 billion from $61.2 billion in September, revised October exports were $258.8 billion, $2.6 billion less than September exports. October imports were $323.0 billion, $0.5 billion more than September imports. emphasis added Click on graph for larger image.

Economics 68

Economics 68

Wealth Management

DECEMBER 6, 2023

Suspicious conditions surrounding a second will of Darlene Williams lead to claims of undue influence.

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Calculated Risk

DECEMBER 6, 2023

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 224 thousand, up from 218 thousand last week. • 12:00 PM, Q3 Flow of Funds Accounts of the United States from the Federal Reserve.

Accounting 63

Accounting 63

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Creating a winning digital lending experience requires plenty of focus on the needs of customers and more. Biz2X Chief Product Officer Aaron Traub covers everything from how to create such an experience, areas to hone in on, pitfalls to avoid, and plenty more in this insightful article. Discover how to utilize new technology without alienating existing customers, what to emphasize when working on your platform, and how to utilize the data at your disposal while not becoming overly reliant on it.

Communication

Wealth Management

DECEMBER 6, 2023

Funds focused on semiconductors were among the best-performing over the last five years.

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Calculated Risk

DECEMBER 6, 2023

The BEA released their estimate of vehicle sales for November. This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the November 2023 seasonally adjusted annual sales rate (SAAR). Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. Then heavy truck sales increased to a new record high of 570 thousand SAAR in April 2019.

Sales 63

Sales Marketing Marketing 63

Wealth Management

DECEMBER 6, 2023

A Supreme Court case about unrealized capital gains has implications for Biden’s proposed tax on the very wealthy.

Taxes 82

Taxes Economics 82